Chinese reductive calcium ingot prices up slightly
2024-04-04 07:24:36 [Print]
BEIJING (Asian Metal) 4 Apr 24 - Given rising upstream aluminum powder prices and reduction for supply of reductive calcium ingot, the mainstream Chinese reductive calcium ingot prices move up to the present RMB18,300-18,800/t (USD2,541-2,611/t) EXW D/P, an increase of RMB500/t (USD69/t) from late last week. Most downstream clients from reductive calcium wire and granule plants purchase the metal as scheduled and Chinese reductive calcium ingot market moves steadily. Insiders predict that the mainstream Chinese reductive calcium ingot prices would stay firm in the coming days.
"I increase my quotation for reductive calcium ingot further to the present RMB18,500/t (USD2,569/t) EXW D/P and refuse to accept any price cuts from buyers due to upward upstream aluminum powder prices," said a producer in Shaanxi, adding that a medium plant in Shanxi stopped his production in early April, which also relieved the oversupply state. He last sold about 30t of the metal early this week at RMB18,300/t (USD2,541/t) and predicts a further rising price trend supported by tightening supply but stable demand. He forecasts that the mainstream Chinese reductive calcium ingot prices would remain firm in the forthcoming days given little intentions to accept price cuts from suppliers.
With an annual production capacity of 23,000t, the producer predicts to produce about 1,300t of reductive calcium ingot in April and produced a similar volume last month. He holds no stock now, almost identical to late last month. He produced about 15,000t of the metal in 2023 and predicts to produce about 5,200t up till late April of 2024.
"I sold around 20t of the material at RMB18,800/t (USD2,611/t) EXW D/P this Wednesday and held back from selling since then with an expectation of firm price trend," said a producer in Shanxi, noting that he closed a deal of 20t at RMB18,500/t (USD2,569/t) early this week. In view of rising upstream aluminum powder prices, his production cost for reductive calcium increased by almost RMB500/t (USD69/t) in the recent one week. Meanwhile, he noted that the tightening supply for the metal also gave him some confidence in the market trend. He predicts that the mainstream Chinese reductive calcium ingot prices would stay firm in the following days.
The producer, with an annual production capacity of 25,000t, expects to produce around 1,200t of the material this month and produced the same volume last month. He has no inventory presently, unchanged from late last month. He produced about 17,000t of the material in 2023 and expects to produce about 5,800t up till late April of 2024.
"I increase my quotation for reductive calcium ingot further to the present RMB18,500/t (USD2,569/t) EXW D/P and refuse to accept any price cuts from buyers due to upward upstream aluminum powder prices," said a producer in Shaanxi, adding that a medium plant in Shanxi stopped his production in early April, which also relieved the oversupply state. He last sold about 30t of the metal early this week at RMB18,300/t (USD2,541/t) and predicts a further rising price trend supported by tightening supply but stable demand. He forecasts that the mainstream Chinese reductive calcium ingot prices would remain firm in the forthcoming days given little intentions to accept price cuts from suppliers.
With an annual production capacity of 23,000t, the producer predicts to produce about 1,300t of reductive calcium ingot in April and produced a similar volume last month. He holds no stock now, almost identical to late last month. He produced about 15,000t of the metal in 2023 and predicts to produce about 5,200t up till late April of 2024.
"I sold around 20t of the material at RMB18,800/t (USD2,611/t) EXW D/P this Wednesday and held back from selling since then with an expectation of firm price trend," said a producer in Shanxi, noting that he closed a deal of 20t at RMB18,500/t (USD2,569/t) early this week. In view of rising upstream aluminum powder prices, his production cost for reductive calcium increased by almost RMB500/t (USD69/t) in the recent one week. Meanwhile, he noted that the tightening supply for the metal also gave him some confidence in the market trend. He predicts that the mainstream Chinese reductive calcium ingot prices would stay firm in the following days.
The producer, with an annual production capacity of 25,000t, expects to produce around 1,200t of the material this month and produced the same volume last month. He has no inventory presently, unchanged from late last month. He produced about 17,000t of the material in 2023 and expects to produce about 5,800t up till late April of 2024.
